UPDATE 1-Austrim loses A$152 mln in 2001/02

Newswire

MELBOURNE, Aug 26 (Reuters) - Struggling Australian manufacturer Austrim Nylex Ltd posted an annual net loss of A$151.98 million ($82 million) on Monday, a 44 percent improvement on the previous year as it pushed ahead with a restructuring. Following heavy writedowns and provisions for plant consolidations in the past year, it said its 2002/03 result should be better as it rebuilt its automotive and plastics divisions, which make products like hoses and car seats. "The directors are ...

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